USDJPY – Down
USDJPY trading plan:
The number of Americans filing new claims for unemployment benefits edged down last week, showing no signs yet that the recent financial market turbulence following the failure of two regional banks was having an impact on the economy. The unexpected dip in claims reported by the Labor Department suggested March could be another month of solid job growth. The weekly unemployment claims report is the timeliest data on the economy’s health. Traders will be watching to see if this trend persists when the government updates the seasonal adjustment factors, the model it uses to strip out seasonal fluctuations from the data, at the beginning of April.
Investment idea: buy 129.77 and take profit 130.30.
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